Following up on the Pew study that found many states will face declining work age populations in the future, I want to highlight a recent Atlantic article called "The Graying of Rural America." It's a profile of the small Oregon town of Fossil, which is slowly dying as the young people leave and a rump population of older people - median age 56 - begin to pass on. Like the Pew study, this one has implications that weren't fully traced out. There's a lot of urban triumphalism these days, as cities crow about Millennials wanting to live … [Read more...]
Archives for June 2016
The End of Job Growth
Pew Charitable Trusts recently posted an analysis of population projections that show several states with stagnant to declining workforces. This means that for nearly 20 states, it's basically impossible to add jobs in the future. How can you add more jobs with fewer workers? That doesn't mean there won't be cyclical ups or downs or that some slack in the system might be taken up with some growth, but overall, stagnation to decline in jobs is going to follow. Pew's article mentions states fighting to retain a high skill labor force, … [Read more...]